At the same time supplementary food such as fortified yoghurt, biscuits, fortified bread and fortified food supplements with different nutritional qualities, will be sourced from the private sector which will enhance the local economy,' he stated.
1997 Balanced Budget and Taxpayer Relief Act. SUMMARY: The Balanced Budget Act of 1997 (a spending bill) and the Taxpayer Relief Act of 1997 (a tax bill) legislated the elimination of the annual budget deficit by 2002.n the end, tax revenues were increasing at such a rate that the federal budget went into surplus several years ahead of schedule in FY 1998 and continued in surplus in 1999, 2000, and 2001. FURTHER INFORMATION: Balanced Budget Act of 1997 (Pub. Law No.: 105-33).
The budget controls instituted in the 1990s successfully restrained fiscal action by the Congress and the President and together with economic growth contributed to the budget surpluses at the end of the decade. The surpluses led to a decline in the public debt from about 43% of GDP in 1998 to about 33% by 2001.